Limited Transaction Options
If you are starting afresh or have really messy data then a transaction free or limited transactions service is for you. You get to choose which service you want on the service selection page.
This conversion gives you all the business information and sets the conversion balances to $0 so that you can add them in yourself later. Good if you need some more tidy up before the accounting data in your file is reliable or is not relevant moving forward.
- Chart of Accounts
- Payroll setup (with $0 balances, all employee details, pay items and templates – Australia only)
- Opening balances set at $0.
You do not get any transactions, invoices/bills (open or closed), credit notes, bank transactions, manual journals or payments.
Current Month Transactional History
This option gives you all the business information and includes the account balances as at the last day of the prior month and all transactions from the start of the current month.
- Chart of Accounts
- Payroll setup (with payroll balances, all employee details, pay items and templates – Australia only)
- Open invoices and bills (note: if 2013 or earlier they may not convert)
- Transactions from the start of the current month
Uncoded transactions will not convert.
Both of these options also have the option of adding MCBs
to them for extended reporting data should you need them.
When it comes to your service selection you will be given the choice of a service: With transactional history – useful for reporting or referring to past data in Xero, OR Limited History service – useful for a fresh start or really messy legacy data. ...
Pricing Standard Package Insight Package Accelerate Package Australia $Free Fully Subsidised by Xero $110 AUD after Xero Subsidy $379 AUD after Xero Subsidy United States $Free Fully Subsidised by Xero $110 USD after Xero Subsidy $379 USD after Xero ...
$0 balance invoices/Differences in the GST Reconciliation Report
Invoices that have positive and negative lines that result in the balance of the invoice being $0.00 are captured differently among accounting systems. These are sometimes used to Journal an amount from one account to another without creating a ...
Transaction types that may lead to issues
We always try to deliver the conversion with full transactional history. On occasions, if the following transaction types occur extensively we may only be able to provide a service with no or reduced history. In some instances it may prevent us ...
Conversion Clearing Accounts
To bring some of the information from the source file to Xero we have to use clearing accounts during the conversion. For MYOB files these accounts are called: Conversion Clearing Account (199) and Conversion Clearing Bank Account (198) GST Clearing ...